Gold forms a head and shoulders top, continues to be bearish

3月20日

At present, gold is still struggling in the range, but the hourly chart shows an obvious head and shoulders trend, with the head at 3057, the shoulder at 3045, and the neckline at 3022. Once the hourly chart stands below 3022, the market is expected to fall further to the 3000 mark. Only if it falls below the 3000 mark can it fall better!!!

3月21日

交易進行

It turns out that 3045 does have very strong resistance. It has fallen from 3045 to 3022. At the same time, the formation of the head and shoulders top indicates that there is room for further decline. We will continue to pay attention.

3月21日

交易結束：目標達成

Yesterday we shorted gold 3 times in the 3040-3045 range, and each time we reached TP.
It turns out that there is indeed very strong resistance in the 3040-3045 range, but there is also good support in 3020-3025. Now my short position has been profited. If it reaches 3040-3045 again today, I will continue to consider selling.

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